Jumbo Kids Savings Account
It is never too early to start the Savings Habit. That’s why KVB offers the KVB Jumbo Kids SB Account. It provides an ideal start for your children not only to understand the value of money but also ways to handle it responsibly.
Benefits and Features
- For children upto the age of 12 years
- Account opened in the name of the child with the natural guardian as the authorized signatory
- No minimum balance requirement
- Free Visa backed ATM Card
- Free attractive Jumbo Doll
| Charges and Limits | |
| Who can open | Children upto the age of 12 years. A/c will be opened in the name of the minor with the natural guardian as Authorized Signatory. |
| Minimum Balance | No Stipulation |
| Interest Payable | As applicable to Savings Bank account on daily balance method |
| Cash Remittance | No floor. Ceiling of ` 10000/- per day for remittance. But remittance should be accepted at base branch only |
| Charges for cash remittance | Exceeding the ceiling will not be permitted and hence not applicable. |
| Withdrawals | Permitted only through ATM. |
| ATM Card | Issue of VISA Debit card; No charge on issue as well as no AMC |
| POS transactions | Permitted |
| Internet and Mobile Banking | Not permitted |
| Cheque Book | Not permitted. Withdrawal only through ATMs. |
| Doll | Free on opening account. |
| Documents Required | |
| Proof of Identity | Identity card or bonafide certificate of the natural guardian |
| Proof of age | Birth certificate or bonafide certificate for the child |
| Proof of Residential address | Ration Card or Passport or bonafide certificate of the natural guardian |
| Photograph | Required for both child and natural guardian |